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Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

Euro at very important level

 Tatiana Norkina, FBS analyst

EUR/USD was again testing Friday's highs at the Asian session this morning. Let us remind you that the 1.3440-1.3460 range on the four-hour time frame contains a powerful resistance formed by the Ichimoku cloud upper border. Given the horizontal position of all Indicator lines, as well as the Chinkou line being in the zone of overboughtness, we can assume that today's trading will be held within the Ichimoku cloud.

In general, the major market trend is still downward as the cloud is bearish. The rate of the major Forex currecny pair is possible to decline to the Tenkan and Kijun lines, into the ​​1.1270 area.

Technical levels: support – 1.1270; resistance – 1.1340.

Trade recommendations:

1. Sell — 1.1340; SL — 1.1360; TP1 — 1.1270; TP2 — 1.1250.

EUR
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